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EUR/JPY bounced back from sub-1.2800 lows on Friday to trade in the 128.30 area.
Pandemic uncertainty is keeping the pair under pressure, as focus turns to next week’s ECB meeting. | ##trade

Economics and Trade

EUR/JPY bounced back from sub-1.2800 lows on Friday to trade in the 128.30 area.
Pandemic uncertainty is keeping the

The EUR/USD trims some of Thursday’s losses, gains some 0.14% once the US inflation reaction settled down.
US bond yield 2s drop, while the 10-year Treasury yield remains unchanged.
EUR/USD Price Forecast: To remain within the 1.1300-20 range ahead into the weekend.

EUR/JPY set to end the week around the mid-point of recent 127.50-1.2900 ranges, as pandemic uncertainty weighs | ##trade

Economics and Trade

EUR/JPY set to end the week around the mid-point of recent 127.50-1.2900 ranges, as pandemic uncertainty weighs

EUR/JPY bounced back from sub-1.2800 lows on Friday to trade in the 128.30 area.
Pandemic uncertainty is keeping the pair under pressure, as focus turns to next week’s ECB meeting.

Pound Sterling Price News and Forecast GBP/USD: How low can sterling go? BOE and Fed promise explosive answers | ##trade

Economics and Trade

Pound Sterling Price News and Forecast GBP/USD: How low can sterling go? BOE and Fed promise explosive answers

GBP/USD Weekly Forecast: How low can sterling go? BOE and Fed promise explosive answers

AUD/JPY remains supported above 81.00 amid positive market risk tone | ##trade

Economics and Trade

AUD/JPY remains supported above 81.00 amid positive market risk tone

AUD/JPY strengthened a tad on Friday amid a more upbeat tone to markets.
AUD/JPY appears to be forming a pennant and could break higher towards its 21DMA near 82.00.

GBP/JPY Price Analysis: Steady around 150.30s as market participants head into the weekend | ##trade

Economics and Trade

GBP/JPY Price Analysis: Steady around 150.30s as market participants head into the weekend

A risk-on market mood boosts risk-sensitive currencies like the British pound, the JPY falls.
Traders’ mood turned negative when the US inflation crossed the wires, thought later improved.
GBP/JPY Price Forecast: Has a neutral-bullish bias, though downside risks remain.

USD/JPY sticks close to 113.50 mark as long-term US yields remain subdued | ##trade

Economics and Trade

USD/JPY sticks close to 113.50 mark as long-term US yields remain subdued

USD/JPY continues to trade close to the 113.50 level after seeing some post-US inflation data choppiness.
The pair continues to track moves in the US 10-year yield and as long as that remains subdued, USD/JPY will struggle to recover.

US Dollar Index finishes the week above 96.00 as an ascending-triangle targets 98.00 | ##trade

Economics and Trade

US Dollar Index finishes the week above 96.00 as an ascending-triangle targets 98.00

The US Dollar Index ended the week above the 96.00 threshold.
The US 10-year Treasury yield finished flat, at 1.482%.
DXY Technical outlook: An upside break above an ascending triangle target 98.00.

Fed to double pace of tapering and to deliver a more hawkish statement – TD Securities | ##news

News and Politics

Fed to double pace of tapering and to deliver a more hawkish statement – TD Securities

The key event next week will be the FOMC meeting. According to analysts from TD Securities, the central bank will announce a faster QE tapering. They don’t see rate hikes until 2023.

Bitcoin price could plummet to $33,000 | ##crypto

Economics and Trade

Bitcoin price could plummet to $33,000

A brief technical and on-chain analysis on Bitcoin price. Here, FXStreet's analysts evaluate different patterns and indicators that suggest BTC sits at a crucial area of support.

Bitcoin hovers near $48k ahead of fresh key US inflation data | ##crypto

Economics and Trade

Bitcoin hovers near $48k ahead of fresh key US inflation data

Bitcoin (BTC) recovered above $48,000 on Dec. 10 after another fall took BTC/USD to lows of $47,350 overnight.

Bitcoin Weekly Forecast: BTC might dive below $40,000 | #"crypto

Economics and Trade

Bitcoin Weekly Forecast: BTC might dive below $40,000

Bitcoin price has penetrated below the $53,000 support level and is currently exploring the $48,000 to $50,000 foothold.
BTC needs to rise above $57,845 to flip bullish, failing could leave it open to retest $40,000.
On-chain metrics are indicating a wide array of emotions, paintin

Decentraland price at a critical juncture, as MANA bears challenge key support | ##crypto

Economics and Trade

Decentraland price at a critical juncture, as MANA bears challenge key support

MANA price turns into green for the first time in four days on Saturday.
Decentraland bears testing bullish commitments at critical 50-DMA support.
Public adds metaverse token Decentraland to its crypto trading platform.

Floki Inu prepares for a sell-off towards $0.00005 amid bearish technicals | ##crypto

Economics and Trade

Floki Inu prepares for a sell-off towards $0.00005 amid bearish technicals

Floki Inu price remains vulnerable amid bearish technicals on the 4H chart.
FLOKI bulls face stiff resistance at the $0.0001330 confluence zone.
A breach of $0.00011 could open floors towards the $0.00005 downside target.

Algorand price remains on track to retest $1.20 amid impending bear cross | ##crypto

Economics and Trade

Algorand price remains on track to retest $1.20 amid impending bear cross

Algorand price looks to retest 200-DMA support despite the rebound.
Looming bear cross and negative RSI keep ALGO sellers hopeful.
Acceptance above $1.82 is critical to reverse the downtrend in the near term

XRP price risks a drop towards $0.60 once this key support caves in | ##crypto

Economics and Trade

XRP price risks a drop towards $0.60 once this key support caves in

Ripple bears back in the game after Saturday’s temporary rebound.
XRP price could fall further if the critical daily support line at $0.79 is eroded.
RSI is pointing lower towards the oversold region while below 50.00.

Cardano price is sell on bounce at $1.50, as ADA bears refuse to give up yet | ##crypto

Economics and Trade

Cardano price is sell on bounce at $1.50, as ADA bears refuse to give up yet

Cardano price rebounds on Saturday but is not out of the woods yet.
Oversold RSI cautions ADA bears, as price wavers in a bearish channel.
$1.52 is a tough resistance while $0.93 offers strong support to ADA price.

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